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committee chairman is expected to release his plan to overhaul the nation's tax code. but the proposal already appears to be dead on arrival. the seven brackets would be reduced to two and the top rate would be cut to 25%. it also calls far 10% surtax on incomes above $450,000. but the democratic and republican leaders in the senate both agree the plan has no shot of passing and usual each blaming the other party. >> the truth is we should tackle tax reform years ago. it will be difficult with the obstruction that we get here from the republicans on virtually everything to do something that should have been done years ago. >> the majority leader and the president have said they want a trillion dollars in new revenue for the federal government as a condition for doing kpre he comprehensive tax reform, which we know we ought to do. we will not be able to finish the job regretfully in 2014. >> senator mcconnell says he's more optimistic about reform if republicans control the house and senate after the midterm elections. >>> joe biden sat down with the ladies of "the view" to talk about h
. the president is expected to expand by eliminating tax breaks for the wealthiest americans and the president is expected to propose billions in manufacturing and job training and education and along with 28 billion for defense programs. house budget chair paul ryan is working on his own plan and shore up spending in part by overhauling the welfare system and the plans are expected to be miles apart. yesterday, ryan issued a 200-page document. israeli prime minister netanyahu is once more pushing back on u.s. diplomatic efforts and sitting next to president obama he inserted that israeli would never compromise on security and would defend itself at all costs. the comments in in lights of u.s. attempt to broker peace deals with palestine a. meanwhile, the apac conference is going on across the town and a platform drawn speakers like secretary of state john kerry, conservative republicans like ted cruz have used this event to accuse president obama of being tougher on netanyahu than putin in ukraine. >>> despite rumors around washington to the contrary, john boehner says he is planning to stick
ways and means committee released his proposal to reform the nation's tax code. republican congressman dave camp's plan would be the first to complete overhaul since 1986. it tackles almost every aspect of the tax code. the seven individual brackets would be reduced to two and the top individual in corps rate would be cut to 25%. now it also calls for a 10% surtax on incomes above $450,000. the plan got far from a ringing endorse. . senate leaders called it dead on arrival and john boehner wouldn't commit to supporting it. he says it is the start of a needed conversation. >>> all right, we turn our attention now to business news. small gains we watched yesterday after the up and down trading session as cross the market. in the u.s. today, investors are closely watching fed chair janet yellen. cnbc's steve sedgwick is live with that. what do we expect from chair yellen? >> we have a taste of what to expect on the 11th of february in the first part of her semiannual testimony on capitol hill. this time she's going before the senate at 10:00 a.m. local time in the u.s. there. what is inte
a decision if we're going to protect tax breaks for the wealthiest americans or make smart investments necessary to create jobs and grow our economy and expand opportunity for every american. >> john boehner calls the president's budget his most irresponsible budget yet. while paul ryan gets on the record saying, quote, this budget isn't a serious document. it's a campaign brochure. >>> over marriage equality, governor steve basheer plans to hire outside counsel. hours earlier, it was an emotional attorney general, jack conway, refusing. he said the appeal this ruling would just be defending discrimination. >> in the end, this issue is really larger than any single person. it's about placing people over politics. for those who disagree, i can only say that i'm doing what i think is right. in the final analysis i had to make a decision i could be proud of. for me now and for my daughter's judgment in the future. >> governor beshear said in a statement that legal definition of marriage, quote, will be and should be ultimately decided by the u.s. supreme court in order to bring finality a
Search Results 0 to 3 of about 4

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